It’s been a rough week for the FANG stocks. The group has proven that, just as a rising tide lifts all ships, so too can a big fat Facebook Inc. hurricane sink them.
But these hard times are most certainly not sticking around for tech. If you’ve always wanted to invest in the sector but couldn’t quite swing ultra-high valuations, now is the time to act. Should you fail to recognize that tech stocks are only going to get more expensive in the coming years, you’re one of the dumbest on Wall Street.
Tech companies have strong financial fundamentals driven by sought-after products. They maintain upbeat outlooks and the earnings picture is bright.
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